MI > Gladwin > Gladwin > 225 S Arcade

For Sale Active

225 S Arcade Map / directions

Gladwin, MI

48624 Market info

  • 3 Units
  • 1,781 SqFt
  • MLS# 50039412
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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
Three unit rental property in the city of Gladwin. Seller currently occupies one unit, and rents the other two for annual net income of approximately $7,000 (cap rate 5.7%). Fill the sellers unit and the annual net income potential increases to $13,000 (cap rate 10%). Recent updates include metal roof over apartment 3, new hot water boiler heat, upgrade to electric boxes and installation of individual electric meters to include one meter each unit and a forth meter for the house electric which runs the house boiler heat.

Property Information

Status
Active 
Address
225 S Arcade 
City
Gladwin 
Zip
48624 
Year Built
1960 
Waterfrontage
58.0 
Listing Date
04/20/2021 
Subdivision
Cedar 
County
Gladwin 
Total No of Units

School Information

School District
Gladwin 

Taxes

Taxes
$1,500 
Summer Taxes
$1,106 
Winter Taxes
$365 

Rooms and Land

Unit1
Bedrooms: 9 Bathrooms: Main Finished SqFt: 13
Unit2
Bedrooms: 11 Bathrooms: Upper Finished SqFt: 11
Unit3
Bedrooms: 11 Bathrooms: Main Finished SqFt: 13
Lot Dimensions
58x132 
Total Acres
0.18 

Features

Exterior Features
Fenced Yard, Porch 
Basement
MI Basement, Partial 
Appliances
Microwave, Range/Oven, Refrigerator 
Heating
Boiler, Hot Water 

Mortgage Calculator

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annual

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
50039412 Active Apr 20 2021 6:56PM $124,000 27
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MIRM Logo

Listing Courtesy of Harrison Realty Inc.
Office Address PO BOX 499 795 N FIRST ST
Originating MLS: MiRealSource
Source MLS: MiRealSource

Real Estate One Family of Companies

225 S Arcade Gladwin
Contact us
$124,000
For Sale • No. of Units: 3